The strategy is focused on Greene King's core brands: Greene King IPA, the fastest-selling national cask ale brand in the on-trade; Old Speckled Hen, the UK's number one premium ale brand by volume; Abbot Ale, the UK's number one premium cask ale brand; and Belhaven Best, the number one ale brand in Scotland. The total number of Greene King employees as at 28 April 2019 was c.38,000. Greene King is one of Britain's best pub chains, and the shares are not cheap. Investors have the opportunity to buy into the stock to reap capital gains, if GNK’s projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. This article by Simply Wall St is general in nature. Search for: Search Company results. With previous acquisitions and an older SP considered, the offer should be higher. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. This may be the start of further takeover offers from overseas due to the current low sterling rate. Trading in the company's shares on the London Stock Exchange was expected to be terminated by Thursday. Don't have an account? How Greene King does in 2018 seems to depend on the likes of Dele Ali, Harry Kane, and Raheem Sterling. Should you still buy in? I wish they would buy Marstons.. Im happy to sell those also at a 50% premium!! Our research team consists of equity analysts with a public, market-beating track record. London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. It looks like it is a done deal, and the 850p guaranteed! I would be feeling salty if I had put my order in at that price. Why? Great news indeed. Shares & fund search. Here's why. You will also receive the dividend payment announced in a few weeks. Registering with multiple accounts is not allowed. For what it's worth, imo Brexit is ****** and the dumbest act of sabotage in my lifetime. Upped it to target price 850 pence today. The offer price of 850p per share is a 51% premium to the closing price of Greene King shares the day before the deal was announced, and values the business at £4.6bn (including debt). I don't believe this represent s the true value of the business and it's assets. Any advice as this is my first shareholding after takeover.... Well GNK Thank you, for free shares I earned in my youth and the 17 years of dividends. publish content that is not your original work, or infringes the copyright or other rights of any third party. Just don't see UK companies being owned abroad as necessarily a good thing. Last month had GNK down as a sell with target price 450 pence. Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. Choose a platform. 'And with neither opposition nor competition on the horizon, it seems like it’s a done deal. I will hold to get the full 850p or an higher bid.I won't be too disappointed either if shareholders rejected the bid. At least it proves that at least one person in the bank can read. Such posts cannot be verified as true and could be deemed to be misleading. Not sure when the deed will be done. Confused? Share prices. Thank you for reading. Income investors would also be happy to know that GNK is a great dividend company, with a current yield standing at 5.5%. You will only have one login account. All prices are listed in British Pound. Regarding when the deal will be finalised, looked a little vague, i.e., Q4 2019. PS. Please don’t put the prices up at my local and flood it with contaminated pork :). post or otherwise publish any content unrelated to the board or the board's topic. Pub group Greene King said its £2.7bn takeover by a CK Asset had been sanctioned by a UK court. post any affiliate or referral links, or post anything asking for a referral. How Greene King does in 2018 seems to depend on the likes of Dele Ali, Harry Kane, and Raheem Sterling. You have to hand it to these people, they certainly work hard doing research for their money. post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment. Just got back in to see this share price. restrict or inhibit any other user from using the boards. It would be nice if another bidder was flushed out as it could go a few rounds. If you're a beginner, our share-dealing table below can help you choose. ''So much for taking back control''You seem confused. Why FTSE 250 dividend stock Greene King rocketed 51% yesterday Holders of stock in pub retailer and brewer Greene King plc (LON:GNK) have had a superb start to the week. Nice premium as the uplift in the SP is well above recent averages but they are paying peanuts when you consider the SP was 1200p at one point. Could someone please take over lloyds for £2.00 per share? Datafeed and UK data supplied by NBTrader and Digital Look. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. Phil Oakley investigates. But the offer and the last divi is really enough for me to dine out on. 24 Kippax St, Sydney I don't really like our UK assets going to overseas buyers. re-post premium share chat posts on regular share chat. Berenberg also on the ball. Your email and password must only be used by you. Open your account. For Greene King, there are three fundamental aspects you should further research: We aim to bring you long-term focused research analysis driven by fundamental data. In the case of Greene King, then, our advice for growth investors is to sell, even though this means stomaching a 20.4pc loss, while income seekers can safely hold. Greene King is listed on the London Stock Exchange (LSE) and employs 38,408 staff. post misleading or false statements regarding the share price and performance. So much for taking back control. Manage your personalised Watchlist.Set up an online Virtual Portfolio.Participate in Share Chat.See more trades and director dealings.Play the Fantasy Share Trading Game. Afterying in at 644p and struggling to get any return apart from small divi, I need to take advantage of this price windfall........ how do i sell? Simply Wall St has no position in the stocks mentioned. UK companies are ripe for takeover at current exchange rates. Your account nickname must not be the same, or contain, listed company names or board members' names. Worried that I will not now receive those lovely discount vouchers from the company but probably outweighs the gain from the £20k invested at circa £5 per share a couple of years ago. GNK is currently trading below its true value, which means the market is undervaluing the company’s expected cash flow going forward.